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Cannabis Stocks are a Sea of Red as Selloff Stretches to 6th Straight Day

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Aurora Cannabis tumbles 9% in continued fallout from disappointing earnings, MedMen slammed by news of job cuts

Cannabis stocks were a sea of red again on Monday, with Aurora Cannabis tumbling another 15% following disappointing earnings and MedMen down 23% on news of job cuts and asset sales.

The ETFMG Alternative Harvest ETF MJ, +1.93% was last down 4% with 26 of its 36 member stocks trading lower. The ETF has fallen for six straight days and is now down 35% in the year to date.

The Horizons Marijuana Life Sciences ETF HMMJ, +2.61%  was down 5%, with 48 of its constituent stocks declining. The S&P 500 SPX, +0.02%  was up 0.1% and the Dow Jones Industrial Average DJIA, -0.21%  was up about the same.

To Read The Rest Of This Article By Ciara Linnane on MarketWatch

Published: November 19, 2019

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